Monthly Rent. Guaranteed.
When you start and manage a rental on Flip
New York, NY
Total Rent Payout
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We determine a maximum amount of recommended monthly rent based on income, assets. expenses and history of paying bills on time. A renter is eligible if their maximum recommended rent payment is below your listing’s rent price.
To find out if a renter that you’re talking with is eligible ask them to complete their profile.
The guarantee is only active when the following conditions are in place:
- A legally binding sublease agreement provided by Flip has been signed by both parties on the Flip website.
- Both parties have opted in to automated rent payments for the entire period of the sublet
- Both parties have connected a minimum of two bank accounts. This can include checking accounts, savings accounts and credit card accounts
- The rental application is submitted and the applicant has been approved for the guarantee by Flip. This includes background checks, credit check, income and savings verifications.